Business Advisory Archive

Technology's Balancing Act: 10 Tech Predictions for 2019

Over the past year, U.S. tech companies have been at the center of attention on a national and global stage. Whether it’s dealing with a growing number of regulations, or shoring up data privacy measures in response to heightened scrutiny, the industry now faces several critical questions. How the industry responds will dictate its fate in the years to come.

7 Simple Measures That Can Help Protect Against Internet Fraud

For years we have been hearing about major internet fraud schemes. The question is, are you taking some simple steps to protect yourself? Security breaches are not going away anytime soon, so it’s critical that you take some measures to secure your finances.

4 Essential Keys to Leadership for Fast-Growth Companies

Even businesses with the most growth potential will encounter challenges and have difficult decisions to make on the way to success. What’s the difference between those which maneuver successfully and those who get tangled up in the chaos? Leadership.

Managing Risk in M&A Deals – Investigative Due Diligence

Access to information is one of the keys to managing risk in an M&A transaction. Investigative due diligence should be placed alongside legal and financial diligence as a critical component of a buyer’s diligence process.

How Contractors Can Overcome Revenue Recognition Challenges

When the Financial Accounting Standards Board finally revealed its new revenue recognition standard back in 2014, the standard was beyond complex. As a result, the FASB formed 16 industry task groups to clarify and explain the standard, and issued five related standards. The new standard includes a comprehensive five-step process that an entity should consider when assessing revenue recognition on its contracts.

Revenue Recognition for Software Companies: 4 Changes Under ASC 606

In 2018, the Financial Accounting Standards Board (FASB) issued ASC-606, Revenue from Contracts with Customers, a new revenue recognition accounting standard. This new guidance is intended to improve the overall comparability and consistency of financial statements, as well as to provide users of financial statements with more useful information.

How Deal Insurance Improves M&A Transaction Execution

The use of representations and warranties (R&W) insurance in mergers and acquisitions has grown significantly over the past several years and has become an increasingly integral component of the transaction process. Buyers and sellers can use R&W insurance for both strategic and risk management purposes.

How to Protect Your Company From Embezzlement

If your company does not have the proper internal controls in place, you could be leaving your company vulnerable to employee theft. While no business owner wants to think it can happen to them, employee theft does occur and it can result in a great cost to your company.

New Procedural Guidance for Implementing ASC 606 - Related Tax Accounting Method Changes

Last month, the IRS released Rev. Proc. 2018-29, which provides procedural guidance for the implementation of tax accounting method changes related to taxpayers’ adoption of the new revenue recognition standard for financial reporting purposes under ASC 606.

Does Your Business Need a Backup Plan to Ensure Key Process Continuity?

Can your organization absorb the loss of key personnel, whether it’s via normal attrition or something more sudden like illness or a personal emergency? It may be unpleasant to consider the possibility, but it’s important to plan for such absences by creating and maintaining standard operating procedures for each key role within your organization.